Goldman Sachs' Blankfein: 'This Could Be China's Century'

While a decline in China's purchasing managers index roiled international markets Thursday, it apparently didn't have much impact on the view of Goldman Sachs CEO Lloyd Blankfein.

"This could be China's century," he said at the World Economic Forum in Davos, Switzerland, according to CNBC.

To be sure, that doesn't mean there won't be bumpy periods for both China and emerging markets as a whole, Blankfein cautioned, noting investors should treat those markets with caution.
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"We're bulls on China, and I think people should manage expectations in the emerging markets," he stated. "Higher results are usually accompanied with higher risks, and the higher risks are manifest."